Nationalism and Economic Policy in the Era of Globalization

From: Rakesh Bhandari (rakeshb@STANFORD.EDU)
Date: Thu Oct 16 2003 - 10:23:08 EDT

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http://www.wider.unu.edu/publications/wp188.pdf

WP188 Nationalism and Economic Policy in the Era of Globalization (PDF 306KB)
Amit Bhaduri, July 2000, Abstract
ABSTRACT

The raison d'etre of the nation-state is the ideology of nationalism.
Yet, nationalism is a complex notion which encompasses the society,
the state and the economy. It comprises of a complex nexus of
multiple loyalties of an individual as a member of the society,
duties and rights of the citizen in a reciprocal political
arrangement with the state, and the role of the individual as a
producer and consumer in the economy. While the balance among these
different aspects of nationalism evolved historically, in the present
area of globalization this balance seems to be shifting in favour of
global market forces. Its consequences for the nation-state, and the
new role that it needs to define for itself, especially in terms of
economic policy, is the theme of this paper.

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